Aviso launches to do risk analysis for revenue, raises $8M

Aviso, a startup from Zuora co-founder K.V. Rao and former JPMorgan Chase head quant Andrew Abrahams, launched on Wednesday with a new service for applying risk-analysis methods to corporate revenue. The company has raised $8 million in series A venture capital from Shasta Ventures, First Round Capital, Cowboy Ventures and Bloomberg Beta. In an interview, Rao explained that companies — like investment banks — should use machine learning to constantly analyze their corporate data and external data in order to spot potential shortfalls. That some people still use Excel as their primary tool for this, Rao said, “is a little appalling.”